Data Storage Corporation Annual report pursuant to Section 13 and 15(d)

Acquisition (Tables)

12 Months Ended

Dec. 31, 2013

The following sets forth the components of the purchase price:

Purchase price:
Stock issued to seller at closing	$	80,764
Stock issued to creditor of seller at closing		28,130
Assumption of liabilities of seller		102,109
Contingent collateral obligation		368,624
Total purchase price		579,627

Assets acquired:
Trade Name/Trade Mark		15,000
Customer Agreements		153,175
Software and Source Code		406,581
Fixed Assets		4,870
Total assets acquired	$	579,627

Liabilities assumed:
Accounts payable	$	23,051
Deferred Revenue		79,058
Total liabilities assumed		102,109

Net assets acquired		477,518

Excess purchase price	$	-

Customer list	5 years
Non-compete agreements	4 years